| Grade III race | |
| Location | Fair Grounds Race Course New Orleans, Louisiana, United States |
|---|---|
| Inaugurated | 1988 (as Fair Grounds Budweiser Breeders' Cup) |
| Race type | Thoroughbred – Flat racing |
| Website | Fair Grounds |
| Race information | |
| Distance | 1+1⁄8 miles |
| Surface | Turf |
| Track | left-handed |
| Qualification | Four-years-old & older |
| Weight | 124 lbs with allowances |
| Purse | $175,000 (since 2024) |
The Fair Grounds Stakes is a Grade III American Thoroughbred horse race for four-year-olds and older run over a distance of about 1+1⁄8 miles (9 furlongs) on the turf annually in mid-February at the Fair Grounds Race Course in New Orleans, Louisiana. It currently offers a purse of $175,000.